End January Exchequer Returns

02.02.17

Please find attached the Fiscal Monitor Report for January 2017 which incorporates the Exchequer Statement and associated documentation

main points

  • An Exchequer surplus of €1,470 million was recorded in January 2017  This represents a  €272 million year-on-year improvement which was primarily due to increased tax revenue.
  • €4,769 million in tax revenue was collected to end-January, an increase of 6.1% on the same period last year.
  • This represents a strong start to the year and was primarily due to a very strong performance in VAT which was up €214 million or 10.2% when compared to the same period last year.